FW: [Maybank] DXY – Running into a Wall of Resistance

 

 

 

DXY – Running into a Wall of Resistance FX Tech Flash by Saktiandi Supaat FX Research Key data/event focus in US this week on Powell's testimony (on Tue and Thu) as well as PCE core data for Jan (on Thu). Price action suggests that DXY appeared to have ran into a wall of resistance around 90 – 90.50 levels. We believe USD weakness could resume as long as the area of resistance holds. Failing which, we caution that a break beyond this resistance could see DXY head higher towards 91.2 levels ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.